41 Simcoe Plaza
Terrace Bay, ON P0T 2W0
- —Bedrooms
- —Bathrooms
- 0Parking
- —Sq Ft
- $6,200Tax
- 32 ftLot frontage
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 41 Simcoe Plaza, Terrace Bay
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-05-25 | - | Login to See Prices | Active | X13250802 |
| 2024-12-09 | 2024-12-13 | Login to See Prices | Terminated | x13511000 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 41 Simcoe Plaza, Terrace Bay
Summarized Description
- Two commercial spaces with storefront exposure.
- Upper unit features a professional kitchen.
- Updated air conditioning and heating systems.
- Located in Terrace Bay's main business district.
- Views of Lake Superior and local lighthouse.
- Vacant lower level offers rental potential.
- Current owners retiring, flexible rent options.
Commercial investment opportunity! 2 commercial spaces both with their own storefront exposure in the main business district of Terrace Bay. The upper unit is 1800 sq ft with a store area & professional kitchen for takeout food & has been updated with Air conditioner. Roof - 5 yrs, asphalt end wall replaced 6 yrs ago, newer heating system, flooring, paint, equipment, hot water on demand, most propane appliances updated, pizza oven, freezers & coolers. Currently occupied by the owners (retiring) - so rent can be determined by the new owners. The lower level was once a hair salon - also with a storefront - currently vacant. Conveniently located in Terrace Bays main business artery - Simcoe Plaza - with views of Lake Superior and Terrace Bay's famous lighthouse - a popular tourist attraction! Visit www.century21superior.com so see more.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $6,200
- Land Transfer Tax Fee
- $6,975
Rental Items
- Rental Equipment
- Propane tank $200/yr + ATM machine, Pepsi Fridge, coffee maker + cappuccino maker (Twin City equip)
- Basement Type
- Full
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
Construction
- Exterior Finish
- Unknown, Brick
- Roof
- Asphalt Rolled
- Foundation Details
- Block
- Special Designation
- Other
Lot
- Lot Front
- 32.00 ft
- Lot Shape
- Irregular
Inclusions
- Inclusions
- All equipment + appliances excluding rentals
Exclusions
- Exclusions
- None
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
Heating & Cooling
- Heat Source
- Propane
- Heat Type
- Forced Air
- Air Conditioning
- Other
- Water
- Municipal
- Sewers
- Sewer
- Municipality
- Terrace Bay
- Main cross streets
- North off Hwy 11-17 - In Simcoe Plaza - Main business street of Terrace Bay
- Directions
- North off Hwy 11-17 - In Simcoe Plaza - Main business street of Terrace Bay
- MLS® number
- X13511000
- Data source
- tbay
- Status change
- 2024-12-13
- Listed on
- 2024-12-09
- Days on market
- 4 days
- Co-op commission
- 2
- Seller
- Listed by
- CENTURY 21 SUPERIOR REALTY INC.
Home Market Value
Current home valuation for 41 Simcoe Plaza, Terrace Bay, , . Listed for $525,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 41 Simcoe Plaza, Terrace Bay
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $25,000 over $500K
$27,500
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $19,887 | $14,648 | $12,495 | $0 |
=Total mortgage | $517,062 | $487,148 | $458,745 | $420,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,525monthly | $2,378monthly | $2,240monthly | $2,051monthly |
Land Transfer Tax
$6,975
$6,975
Around this home
No schools found nearby
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